How do you solve a problem like debanking?

As I sat down to write this column, an old friend let me know he’d just been ‘debanked’. That is, he’d received a letter from his high-street bank notifying him it was closing his accounts. ‘Following a review, we’ve made the decision that you will not be able to bank with us any longer,’ it said, not even bothering to put the word ‘difficult’ before ‘decision’. It contained no detail about this ‘review’ or why, on completing it, the bank had decided to close his accounts. The only thing he can think of is that he used to be a high-ranking member of the Brexit party. He was told he had until 27 August to make alternative arrangements.

My friend is a member of one of Britain’s fastest-growing minorities: people losing access to financial services because their bank or payment provider disapproves of their political views.